The Group of Twenty (G20), an organization of finance ministers and central bank governors representing the European Union and 19 countries across every continent, said in a report today that it is working with the International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) to formalize the use of central bank digital currencies (CBDC) in banking systems.
According to the report, by the end of 2022, the G20 members, the IMF, the World Bank and the BIS will have completed regulatory stablecoin frameworks and research and selection of CBDC designs, technologies and experiments.
The Banking For All Act is currently passing through the US legislature. It mandates banks will handle Digital Dollar accounts on behalf of the Fed, your account would actually be at the Fed. Thus the role of independent banks will be eroded and eventually dissolved.
The Govt. will have access to every transaction you make through the App (where, when, what) and transactions only with approved partners.
Part of the scheme involves expiration. The govt. will give you UBI and you have 30 days to spend it, or its gone.
It is part of the WEF's Great Reset plan, although it has been rumbling for a long time. The Central Planners believe that the problem of price discovery would be solved if only the govt. could see every transaction and the saving of every citizen.
UBI are the chains packaged as the keys to freedom.
You think they will just sit there and watch ?
4 words:
Central Bank Digital Currency.
IMF, World Bank, G20 countries to create Central Bank Digital Currency rules
China launched theirs a couple of weeks ago
In the US it is called the Digital Dollar
The Banking For All Act is currently passing through the US legislature. It mandates banks will handle Digital Dollar accounts on behalf of the Fed, your account would actually be at the Fed. Thus the role of independent banks will be eroded and eventually dissolved.
The Govt. will have access to every transaction you make through the App (where, when, what) and transactions only with approved partners.
Part of the scheme involves expiration. The govt. will give you UBI and you have 30 days to spend it, or its gone.
Here's a video about it
It is part of the WEF's Great Reset plan, although it has been rumbling for a long time. The Central Planners believe that the problem of price discovery would be solved if only the govt. could see every transaction and the saving of every citizen.
UBI are the chains packaged as the keys to freedom.
The only credit score will be social.